# Essay on Sample Final Spring

2737 Words Jan 21st, 2014 11 Pages
sample final spring10

Multiple Choice
Identify the choice that best completes the statement or answers the question.

____ 1. The adage, "There is no such thing as a free lunch," is used to illustrate the principle that
a.|goods are scarce.|
c.|income must be earned.|
d.|households face many decisions.|

____ 2. Moira decides to spend two hours taking a nap rather than attending her classes. Her opportunity cost of napping is
a.|the value of the knowledge she would have received had she attended class.|
b.|the \$30 she could have earned if she had worked at her job for those two hours.|
c.|the value of her nap less the value of attending class.|
d.|nothing, since she would valued sleep more than attendance at
One bag of flour is sold for \$1.00 to a bakery, which uses the flour to bake bread that is sold for \$3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for \$2.00. Taking these three transactions into account, what is the effect on GDP?
a.|GDP increases by \$2.00.|
b.|GDP increases by \$3.00.|
c.|GDP increases by \$5.00.|
d.|GDP increases by \$6.00.|

____ 9. Quality Motors is a Japanese-owned company that produces automobiles; all of its automobiles are produced in American plants. In 2007, Quality Motors produced \$20 million worth of automobiles, with \$12 million in sales to Americans, \$6 million in sales to Canadians, and \$2 million worth of automobiles added to Quality Motors’ inventory. The transactions just described contribute how much to U.S. GDP for 2007?
a.|\$12 million|
b.|\$14 million|
c.|\$20 million|
d.|\$34 million|

Table 23-5

The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2006.

Year|PriceofWaffles|QuantityofWaffles|PriceofPancakes|QuantityofPancakes|
2005|\$2|100|\$1|100|
2006|\$2|120|\$2|150|
2007|\$3|150|\$3|200|
2008|\$4|180|\$3|220|

____ 10. Refer to Table 23-5. In 2007, Batterland’s real GDP was
a.|\$540.|
b.|\$700.|
c.|\$810.|
d.|\$1050.|

____ 11. Refer to Table 23-5. In 2008, Batterland’s real GDP was
a.|\$540.|
b.|\$800.|
c.|\$930.|
d.|\$1380.|

## Related Documents

• ###### Stat 230 Ol4 Us2 Sections Final Exam Spring 2015 Complete Solution

STAT 230 OL4 US2 SECTIONS FINAL EXAM SPRING 2015 COMPLETE SOLUTION http://www.coursehomework.com/product/stat-230-ol4-us2-sections-final-exam-spring-2015-complete-solution/ Contact us at:  +1 315-750-4434  help@coursehomework.com STAT 230 OL4 US2 SECTIONS FINAL EXAM SPRING 2015 COMPLETE SOLUTION. GET AN A++. STAT 230 OL4 / US2 Sections Final Exam Spring 2015 The final exam will be posted at 12:01 am on May 8, and it is due at 11:59 pm on May 10, 2015. Eastern Time is our reference…

Words: 1926 - Pages: 8
• ###### Essay The Water Chemistry Of Spring Creek

Sampling Spring Creek to Determine the Water Chemistry at Specific Areas Objectives: This lab examines the water chemistry of Spring Creek at the following locations: Chester County Camp, Galbraith Gap Run (at the bridge), Spring Creek at Boalsburg’s Military Museum, Spring Creek Park, Fisherman’s Paradise, Spring Creek at Bellefonte (below Buffalo Run), and Spring Creek at Milesburg in order to determine how land use by humans, along with the lithology of the area, affects the creek and its ecosystem…

Words: 1328 - Pages: 6
• ###### Accounting Auditin Essay

& White Corporate Govemance Seminar, the 2005 Canadian Academic Accounting Association Conference, and the 2005 American Accounting Association Annual Meeting for helpful comments and suggestions. Contemporary Accounting Research Vol. 25 No. 1 (Spring 2008) pp. 219-42 © CAAA doi:10.1506/car.25.1.9 220 Contemporary Accounting Research Prior studies examining the relationship between risk factors and auditor effort find mixed evidence on whether auditors' behavior is actually consistent…

Words: 3513 - Pages: 15
• ###### Experiment 8 the Analysis of Household Bleach Essay

hypochlorite in the unknown solution, the percent by mass of the sodium hypochlorite can be determined. The oxidizing capacity of the unknown bleach is effectively the percent by mass of the sodium hypochlorite in the unknown bleach sample. OJECTIVES 1) Titration of a sample of bleach with thiosulfate. 2) Determining the end point of the titration with starch indicator. 3) To determine oxidizing capacity of bleach by determining the percentage by mass of the bleach that is sodium hypochlorite. 4)…

Words: 3655 - Pages: 15
• ###### Essay Accounting 202 Syllabus

ACCOUNTING 202: Principles of Accounting SPRING 2011 |Instructor: Denise White, CPA | |Office Phone: 293-7846 | | | |Web: access the course Web site through WVU eCampus | |Section 001 MWF 10:30 CRN 10655 | |E-mail: dwhite@mix.wvu.edu Always…

Words: 2949 - Pages: 12
• ###### Corporate Trainer and Coach Essay

2012-2013 academic year. In the future, all courses will be assessed on a three-year assessment cycle. OIRP’s Executive Summary of the Fall 2012 COMM 1201 Assessment The COMM 1201 course assessment consisted of a pre and post assessment. Based on sample size calculations the survey response rates were more than acceptable and statistically reflect the target population. Students’ self-reported confidence ratings increased for all 30 items with mean scores on the post assessment consistently higher…

Words: 2550 - Pages: 11
• ###### Devry Bis 155 Final Exam-2015 Spring Essay

Devry BIS 155 Final Exam-2015 Spring IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-BIS-155-Final-Exam-2015-Spring-5811235986.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Question 1.1.(TCO 1) You are the Payroll Manager for your employer. Your payroll clerk has submitted the worksheet displayed here. All employees earn their regular pay rate times the hours worked plus an overtime…

Words: 909 - Pages: 4
• ###### Essay The Philosophy Of The History Of Philosophy

completed in this way. I want to explore what theoretical reasons Hegel has for departing from Kant’s method and discuss how an understanding of this can help us charitably interpret the argumentative structure of the Phenomenology. My writing sample, a revised final paper for a tutorial on Hegel’s Philosophy of Right at Oxford, hopes to interpret Hegel’s conception of political philosophy as developed in the Preface of the Philosophy of Right in light of metaphysical commitments engendered by his philosophy…

Words: 801 - Pages: 4
• ###### A Research Project On Cannabis Plants Producing Male Flowers After Treatment With Colloidal Silver ( Cs )

the genome and evolution of Cannabis through understanding the gene expression over these multiple time points. Furthermore, my project is only the beginning of the analysis of this data since having the complete gene expression profile for these samples is extremely beneficial to future breeders, gnomists and biologists. Later analysis is planned within a colleague’s PhD dissertation through further data collection on more time points and performing a different analysis. This research overall will…

Words: 1314 - Pages: 6
• ###### Spring Syllabus Essay

|Department: Chemistry | | |Faculty Name: Arian White-Baker |Term and Year: Spring 2013 | | |Place and Time: 401/413 Jones Hall | |Office Location:…

Words: 2330 - Pages: 10